Post
Topic
Board Trading Discussion
Re: Looking for a better exchange: Bittrex and Poloniex?
by
minnerETN
on 11/04/2018, 15:23:14 UTC
In the world of cryptocurrency there are dozens of exchanges, but two of them are responsible for most of the altcoin daily trading volume. Bittrex and Poloniex are two of the top trading platforms in the market, let's check out their similarities and differences .

Both exchanges are highly valued and, of course, there exist inevitably complaints for both.

One of the most positive things is that they can exchange dozens of altcoins, not only the typical BTCs and ETHs, but also many emerging cryptos such as Litecoin, Ripple, Dash and GOLEM.

When it comes to Bittrex, you can trade using BTC, ETH and USDT.
-Poloniex has a slight advantage here as it allows transactions via XMR.

** About the support, both exchanges prove quite reliable.
In Poloniex, there is an easily accessible Q & A section and a contact page where you can quickly send a message when a problem occurs.
As to Bittrex, besides email support, Q & A section, they have a larger social networks including a Slack and Facebook page.
Both exchanges enable communication via Twitter.


** Bugs and hacks

Both of these platforms are almost equal in terms of bugs and hacks.

As to hacking, it is sometimes difficult for users to distinguish between fake and authenticated news, so there is no way to dig deeper and comment more. But one thing is for sure, most altcoin exchanges have been hacked in one way or another, and that is why you are recommended to move altcoins to your external wallet the sooner the better.


** Transaction fee

Poloniex offers competitive fees, which accounts for 0.15% for traders and 0.25% for buyers in case the trading volume is below 600 BTC. The bigger the trading volume is, the lower the fee is.

Bittrex's fee mechanisms are simpler: 0.25% commission for all. However, it is generally more expensive.

=> Rating
It's clear that these are two of the best places when it comes to trading a wide range of altcoins. After many surveys and evaluations, it seems easier to trade on Bittrex.

But it is just a general evaluation. How about you? What do you find the most appropriate cryptocurrency trading platform?

There are many reviews of many big investors on KuCoin. You can use Kucoin exchange. Besides Bittrex, I used Kucoin exchange. I think it is very good and has many advantages

I also like to use KuCoin exchange. The foundation of KuCoin is really easy to use. And at the exchange KuCoin also has a lot of Altcoin. Indeed KuCoin will replace Bittrex for a short time